Brewer buys Royal Oak

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Related tags: Royal oak, Public house, Beer

Agent Fleurets has sold the Royal Oak, in Oakley, Buckinghamshire off an asking price of £350,000 for the freehold interest to local brewer Vale....

Agent Fleurets has sold the Royal Oak, in Oakley, Buckinghamshire off an asking price of £350,000 for the freehold interest to local brewer Vale. The vendor, Brian Mace, has been at the Royal Oak for the past 18 years, having originally taken the premises on as a tenancy in 1985, later acquiring the freehold interest from the Allied brewery in 1995. The Royal Oak is a country- style village pub with beamed ceilings, and bar, games and restaurant areas. Although the pub has a trade kitchen, Brian and partner Liz never fully utilised this facility until the last couple of months of their ownership, when they installed an Asian operator offering Thai and Chinese food. Phil Stevens of Vale brewery, a local, real-ale brewer, said: "Although brewing is obviously our core business, given the proximity of the Royal Oak to the brewery, it made perfect sense to acquire this pub to complement our beer sales. The Royal Oak will be run under tenancy and is the third licensed property the Vale brewery has acquired." Said Cameron Campbell of Fleurets London office: "Due to the lack of privately-owned freehold public houses available on the market, we could have sold this pub three or four times over.

Related topics: Property law

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